The continual company announcements re: Lowest quartile cash costs - isn't that ramping ?
As every thinking person knows this is an underground mine with massive and ongoing Development costs.
We are not talking about an open pit mine here.
Cash costs are only a small component of the total costs.
DEVELOPMENT COSTS ?????????????????????????????????????????
Cash Costs $500/oz or so + Development Costs probably upwards of $1,000 /oz or so (costly tunneling - never mentioned in announcements) makes this project uneconomic.
Then you have admin costs, royalties, drilling costs, Depreciation costs.
Costs add up to $2,000/oz plus - and the shortfall is made up by capital raising.
DYOR
The continual company announcements re: Lowest quartile cash...
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